Seacor marine holdings inc. (SMHI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16
ASSETS
Current Assets:
Cash and cash equivalents

69,220

83,943

38,155

58,772

63,855

91,597

102,864

86,239

62,738

110,234

130,357

150,958

184,209

117,309

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

1,462

Restricted cash

3,353

3,104

4,016

2,240

2,240

1,657

1,655

1,951

2,316

2,317

1,619

1,824

1,811

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

0

688

785

40,139

Receivables:
Trade, net of allowance for credit loss accounts of $375 and $455 in 2020 and 2019, respectively

48,192

49,128

58,954

69,117

67,900

55,048

75,349

57,658

45,664

45,616

54,124

43,475

48,044

44,830

Due from SEACOR Holdings

-

-

-

-

-

-

-

-

-

-

0

0

0

19,102

Other

27,872

18,531

6,835

10,410

9,078

11,292

16,552

16,039

17,039

12,341

8,942

11,957

11,701

21,316

Inventories

1,575

1,228

1,408

2,995

4,139

1,977

3,646

3,666

3,975

3,756

3,786

3,376

3,421

3,058

Prepaid expenses and other

2,653

2,612

3,146

4,123

4,597

2,239

2,692

4,090

3,613

3,026

3,364

3,719

3,068

3,349

Assets held for sale

-

-

13,127

-

-

15,222

-

-

-

-

-

-

-

-

Total current assets

152,865

158,546

125,641

147,657

151,809

179,032

202,758

169,643

135,345

177,290

202,192

215,997

253,039

250,565

Property and Equipment:
Historical cost

930,264

976,978

1,070,374

1,222,820

1,294,945

1,116,583

1,279,000

1,287,855

1,320,496

1,179,836

1,204,409

1,155,155

1,089,176

958,759

Accumulated depreciation

312,911

358,962

400,628

525,556

579,441

461,399

568,752

564,477

580,461

560,160

558,919

543,822

534,522

540,619

Property and equipment

617,353

618,016

669,746

697,264

715,504

655,184

710,248

723,378

740,035

619,676

-

-

-

-

Property, Plant and Equipment, Net In Service

-

-

-

-

-

-

-

-

-

-

-

-

-

418,140

Property, Plant and Equipment, Other, Net in Service

-

-

-

-

-

-

-

-

-

-

645,490

611,333

554,654

-

Construction in progress

55,302

74,344

70,275

68,228

63,301

88,918

82,953

82,274

80,682

70,157

60,597

90,335

83,710

123,801

Net property and equipment

672,655

692,360

740,021

765,492

778,805

744,102

793,201

805,652

820,717

689,833

706,087

701,668

638,364

541,941

Right-of-Use Asset - Operating Leases

8,990

17,313

18,774

27,390

30,503

-

-

-

-

-

-

-

-

-

Investments, at Equity, and Advances to 50% or Less Owned Companies

125,010

124,680

118,222

112,418

119,520

121,773

120,340

115,424

112,219

92,169

89,984

100,719

114,767

138,311

Construction Reserve Funds

3,745

12,893

18,161

20,112

28,109

28,061

35,596

38,152

45,361

45,361

-

-

-

-

Construction Reserve Funds

-

-

-

-

-

-

-

-

-

-

45,455

67,799

83,477

78,209

Other Assets

3,270

3,401

3,422

3,627

3,603

3,690

3,582

3,667

3,736

3,851

6,213

6,072

6,176

6,093

Assets Held for Sale

-

-

16,265

-

-

26,280

-

-

-

-

-

-

-

-

Total assets

966,535

1,009,193

1,040,506

1,076,696

1,112,349

1,102,938

1,155,477

1,132,538

1,117,378

1,008,504

1,049,931

1,092,255

1,095,823

1,015,119

LIABILITIES AND EQUITY
Current Liabilities:
Current portion of operating lease liabilities

13,359

15,099

15,182

16,552

17,918

-

-

-

-

-

-

-

-

-

Current portion of long-term debt:
Recourse

36,278

17,802

-

-

-

-

-

-

-

-

-

-

-

-

Non-recourse

806

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

23,446

20,651

17,426

16,812

17,426

22,858

22,858

22,858

30,858

81,593

26,600

20,400

Accounts payable and accrued expenses

32,023

25,691

26,507

33,909

27,263

18,089

20,480

23,774

25,551

24,024

23,487

23,436

26,399

25,969

Due to SEACOR Holdings

66

74

77

74

535

452

463

746

1,583

1,358

663

3,519

1,827

0

Accrued wages and benefits

1,274

1,832

3,289

4,625

4,280

4,122

4,497

4,986

4,958

5,087

-

-

-

4,862

Accrued interest

1,835

731

-

-

-

1,101

-

-

-

-

-

-

-

-

Accrued income taxes

1,143

-

3,231

3,216

2,650

1,918

4,454

4,352

4,339

4,290

-

-

-

5,554

Deferred revenue and unearned revenue

3,787

5,327

3,303

3,171

3,601

1,460

9,754

10,227

9,430

10,104

-

-

-

-

Accrued capital, repair and maintenance expenditures

10,577

15,997

15,992

21,805

20,817

18,757

27,812

24,462

23,818

19,618

-

-

-

-

Accrued insurance deductibles and premiums

2,921

3,564

-

-

-

3,403

-

-

-

-

-

-

-

-

Accrued professional fees

652

871

-

-

-

918

-

-

-

-

-

-

-

-

Derivatives

4,893

3,009

-

-

-

1,659

-

-

-

-

-

-

-

-

Accrued capital, repair and maintenance expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

8,573

Deferred revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

6,953

Other current liabilities

2,867

4,820

16,557

15,776

16,219

12,400

17,255

12,442

12,820

11,879

54,210

47,014

46,055

8,705

Liabilities associated with assets held for sale

-

-

3,813

-

-

2,526

-

-

-

-

-

-

-

-

Total current liabilities

112,481

94,817

111,397

119,779

110,709

83,617

102,141

103,847

105,357

99,218

109,218

155,562

100,881

81,016

Long-Term Operating Lease Liabilities

7,859

9,822

12,878

16,775

19,851

-

-

-

-

-

-

-

-

-

Long-Term Debt:
Recourse

217,733

239,939

-

-

-

-

-

-

-

-

-

-

-

-

Non-recourse

138,996

140,312

-

-

-

-

-

-

-

-

-

-

-

-

Long-Term Debt

-

-

375,772

379,075

384,344

387,854

397,738

348,912

405,234

292,041

285,869

233,904

274,408

217,805

Conversion Option Liability on Convertible Senior Notes

91

5,205

4,543

7,599

6,201

5,276

17,928

21,886

18,991

6,832

-

-

-

-

Exchange Option Liability on 3.75% Convertible Senior Notes

-

-

-

-

-

-

-

-

-

-

14,135

27,109

-

0

Deferred Income Taxes

26,113

33,905

36,921

37,063

41,831

44,685

46,120

49,789

56,024

55,506

106,389

117,332

121,028

124,945

Deferred Gains and Other Liabilities

7,951

6,269

4,848

5,165

7,290

26,571

26,662

27,289

28,600

31,741

36,314

39,324

38,820

41,198

Total liabilities

511,224

530,269

546,359

565,456

570,226

548,003

590,589

551,723

614,206

485,338

551,925

573,231

535,137

464,964

Equity:
SEACOR Marine Holdings Inc. stockholders’ equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued nor outstanding

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Common stock, $.01 par value, 60,000,000 shares authorized; 23,099,127 and 21,928,674 shares issued in 2020 and 2019, respectively

231

219

219

218

211

204

204

204

178

177

177

177

177

177

Additional paid-in capital

447,425

429,318

427,823

424,549

422,830

415,372

414,460

413,754

306,639

303,996

302,952

302,678

306,359

306,359

Retained earnings

11,131

27,076

64,929

83,312

111,701

126,834

134,628

150,585

175,609

216,511

187,550

208,025

242,017

249,412

Shares held in treasury of 71,902 and 47,185, respectively, at cost

844

669

614

374

373

91

86

54

-

-

-

-

-

-

Accumulated other comprehensive loss, net of tax

-2,971

1,548

-21,105

-19,156

-16,812

-16,788

-13,945

-13,129

-10,424

-12,493

-8,685

-9,690

-10,679

-11,337

Total stockholders equity

454,972

457,492

471,252

488,549

517,557

525,531

535,261

551,360

472,002

508,191

481,994

501,190

537,874

544,611

Noncontrolling interests in subsidiaries

339

21,432

22,895

22,691

24,566

29,404

29,627

29,455

31,170

14,975

16,012

17,834

22,812

5,544

Total equity

455,311

478,924

494,147

511,240

542,123

554,935

564,888

580,815

503,172

523,166

498,006

519,024

560,686

550,155

Total liabilities and equity

966,535

1,009,193

1,040,506

1,076,696

1,112,349

1,102,938

1,155,477

1,132,538

1,117,378

1,008,504

1,049,931

1,092,255

1,095,823

1,015,119